Three-month puts betting on 10 percent losses cost 1.1 times more than calls wagering on a rally, compared with the five-year median of 1.057, according to data compiled by Bloomberg.

Jason Priestley warmly recalls wagering on the 1993 Stanley Cup final between the Canadiens and L.A. Kings: All his Hollywood pals were dazzled by the Wayne Gretzky-led Kings; Priestley bet on the Canadiens, and cleaned up.